Primarily used for purchasing your residence, a vacation home or even a rental property. But with gravity defying real estate prices, many look to take advantage of the equity that they have built up by refinancing for purposes such as renovations, debt consolidation, investment and large purchases. Conventional mortgages will typically offer up to a maximum financing of 80% based on the value of your property but paying insurance premiums through the Canada Mortgage and Housing Corporation (CMHC) or Genworth you could potentially borrow up a maximum financing of 95%.
If you cannot get approved through regular financial institutions we can provide alternatives through private lenders. Rates can start as low as 5% and will be adjusted on a sliding scale based on the overall strength of the application. Keep in mind, it is generally intended for short periods of time between 6 months to one year with interest-only payments. Private lenders place more emphasis of the marketability of the underlying real estate used as security.
Do not forget about your Mortgage renewal. Nowadays many financial institutions are more aggressive with new business opportunities so to ensure that you are getting the lowest rate, give us a call.
** We offer mortgages to non-residents, new immigrants, self-employed, no income, construction loans and low credit score.
It doesn’t matter if the property is owner-occupied or for rental. Using a successful formula, Jeremy will structure, negotiate and present your purchase or refinance request for a wide variety of property types such as multi-family residential, retail, industrial, office, or even special purpose properties (hotels, gas stations, parking lots, farms, mobile home parks).
CMHC Insured financing options are available for construction, multi-family buildings and nursing homes.
The construction industry is competitive and dynamic. Jeremy is fully prepared to find you the right solution regardless of the size of your project. I understand the time-sensitive nature of these requests and therefore speed and ease of the transaction is always on the forefront of my mind.
Financing can include both soft and hard costs, and terms can range from 6 months to 36 months. Options include single-family, multi-family and commercial construction and development financing. In certain situations bridge and mezzanine financing can be offered.
Can be used virtually for any new and used equipment purchases in all types of industries. Avoid large capital outlays and conserve cash for other operating and capital needs by obtaining up to 100% financing. Acquired assets can be used immediately to generate revenue and increase your competitive edge by giving you access to updated technology. Leasing is a flexible and convenient option. Your request can be approved within 24 hours and may not even require personal guarantees.